Kuwait Real GDP Growth
The Gross Domestic Product (GDP) in Kuwait contracted 2.5 % YoY in Mar 2020, following a growth of 2.6 % in the previous quarter. Real GDP Growth YoY data in Kuwait is updated quarterly, available from Jun 2010 to Mar 2020, with an average rate of -0.7 %. The data reached an all-time high of 13.5 % in Dec 2010 and a record low of -5.6 % in Mar 2017. CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. Central Statistical Bureau provides Real GDP in local currency, at 2010 prices.
In the latest reports, Nominal GDP of Kuwait reached 30.1 USD bn in Mar 2020. Its GDP deflator (implicit price deflator) fell 7.9 % in Mar 2020. GDP Per Capita in Kuwait reached 30,436.7 USD in Dec 2018. Its Gross Savings Rate was measured at 36.1 % in Dec 2018.
View Kuwait's Real GDP Growth from Jun 2010 to Mar 2020 in the chart:
What was Kuwait's Real GDP Growth in Mar 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -2.5 Mar 2020 | 2.6 Dec 2019 | -5.6 Mar 2017 | 13.5 Dec 2010 | % | quarterly | Jun 2010 - Mar 2020 |
Real GDP Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -11.0 Jun 2020 | quarterly | Mar 2010 - Jun 2020 |
| Algeria (%) | -3.9 Mar 2020 | quarterly | Mar 2012 - Mar 2020 |
| Argentina (%) | -19.8 Jun 2020 | quarterly | Mar 2005 - Jun 2020 |
| Armenia (%) | -9.1 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Australia (%) | -6.3 Jun 2020 | quarterly | Sep 1960 - Jun 2020 |
| Austria (%) | -14.5 Jun 2020 | quarterly | Mar 1989 - Jun 2020 |
| Azerbaijan (%) | 0.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
| Bahrain (%) | -8.9 Jun 2020 | quarterly | Mar 2009 - Jun 2020 |
| Bangladesh (%) | 5.2 2020 | yearly | 2007 - 2020 |
| Belarus (%) | -3.3 Jun 2020 | quarterly | Mar 2006 - Jun 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -8.6 2017 | yearly | 1988 - 2017 |
| Consolidated Fiscal Balance (USD mn) | -10,753.192 2017 | yearly | 1988 - 2017 |
| Tax Revenue (USD mn) | 128.142 Dec 2015 | monthly | Sep 2003 - Dec 2015 |
| Tax Revenue: % of GDP (%) | 1.4 2017 | yearly | 1986 - 2017 |
| National Government Debt (USD mn) | 3,442.1 Nov 2020 | monthly | Dec 1993 - Nov 2020 |
| Government Debt: % of GDP (%) | 4.2 Mar 2020 | quarterly | Dec 2010 - Mar 2020 |
| Forecast: Government Expenditure (KWD bn) | 23.881 2025 | yearly | 1990 - 2025 |
| Forecast: Government Net Debt (KWD bn) | 38.428 2025 | yearly | 1991 - 2025 |
| Forecast: Government Revenue (KWD bn) | 22.442 2025 | yearly | 1990 - 2025 |
| Government Expenditure (KWD mn) | 18,245.900 2016 | yearly | 1989 - 2016 |
| Government Revenue (KWD mn) | 13,633.900 2016 | yearly | 1987 - 2016 |
| Government Revenue: Tax (KWD mn) | 486.000 2016 | yearly | 1987 - 2016 |
| Government Expenditure: Current (KWD mn) | 12,125.900 2016 | yearly | 1989 - 2016 |
| Government Expenditure: Capital (KWD mn) | 226.000 2016 | yearly | 1989 - 2016 |
| Government Surplus/Deficit (KWD mn) | -3,247.800 2018 | yearly | 1989 - 2018 |
| Public Debt (KWD mn) | 1,050.000 Nov 2020 | monthly | Dec 1993 - Nov 2020 |
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